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Westport Fuel Systems ( (TSE:WPRT) ) has shared an update.
Westport Fuel Systems announced the resignation of CFO William Larkin and the appointment of Elizabeth Owens as his successor. Larkin, who has played a significant role in the company’s transformational initiatives, will remain in an advisory role until mid-September to ensure a smooth transition. Owens, with extensive experience in finance and leadership roles across various industries, has been with Westport for a decade and is expected to continue driving the company’s strategic goals.
The most recent analyst rating on (TSE:WPRT) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Westport Fuel Systems stock, see the TSE:WPRT Stock Forecast page.
Spark’s Take on TSE:WPRT Stock
According to Spark, TipRanks’ AI Analyst, TSE:WPRT is a Underperform.
Westport Fuel Systems’ overall stock score is primarily impacted by its weak financial performance and poor valuation metrics. The technical analysis further supports a bearish outlook, with indicators pointing to oversold conditions and a persistent downtrend. Despite some strategic initiatives highlighted in the earnings call, the company’s ongoing financial struggles and market uncertainties weigh heavily on the stock’s attractiveness.
To see Spark’s full report on TSE:WPRT stock, click here.
More about Westport Fuel Systems
Westport Fuel Systems is a technology and innovation company based in Vancouver, Canada, specializing in alternative fuel, low-emissions transportation technologies. They design, manufacture, and supply advanced components and systems that facilitate the transition from traditional fuels to cleaner energy solutions, supporting a variety of clean fuels such as natural gas, renewable natural gas, and hydrogen.
Average Trading Volume: 6,561
Technical Sentiment Signal: Sell
Current Market Cap: C$69.92M
See more data about WPRT stock on TipRanks’ Stock Analysis page.